Newpark Strengthens Leadership Team, Invests In Global Expansion Post-acquisition
BUSINESS
KUALA LUMPUR, June 26 (Bernama) -- Newpark Fluids Systems (Newpark), a global independent provider of drilling and completion fluids solutions, has announced key additions to its executive leadership and Board of Directors, alongside significant capital investments aimed at accelerating global growth and operational excellence.
Newpark Chief Executive Officer (CEO), David Paterson said these individuals bring exceptional experience and strategic insight that align with the company's mission to deliver value and innovation to its customers globally.
'Their leadership will play a key role in shaping our next chapter of growth,' he said in a statement.
The strategic appointments come on the heels of Newpark's 2024 acquisition by SCF Partners (SCF) and include the hiring of Nathan Snoke as Senior Vice President (SVP) for the Western Hemisphere.
Snoke brings nearly 20 years of experience in North American oilfield operations, having held operational and commercial leadership positions at Halliburton and Flotek across major United States (US) shale basins, including the Permian, Marcellus, and Haynesville.
In parallel with its executive appointments, Newpark has also strengthened its Board by bringing on three experienced senior industry leaders. Among them is the former CEO of Anchor Drilling Fluids, Robert West, who successfully led the company's growth from US$25 million to nearly US$500 million in revenue. (US$1=RM4.22)
Joining him is W. Quentin Dyson, previously Southwestern Energy SVP of Operations, who brings more than 30 years of leadership in engineering and field operations, with prior roles at EP Energy, BP, and Schlumberger.
Rounding out the additions is Noble Corporation Executive VP and Chief Financial Officer, Richard Barker, whose deep expertise in finance and corporate strategy stems from a 15-year investment banking career at Moelis & Company and JPMorgan.
As part of its broader strategic initiatives, Newpark also announced two major infrastructure investments, namely the development of a liquid mud facility in West Texas and the establishment of a technology centre of excellence in Saudi Arabia. Both projects are aimed at enhancing regional capabilities and supporting long-term partnerships in key energy markets.
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